Olney, Md. - Townhouse for sale November 29, 2014

Today’s View – November 29, 2014 – Olney, Md. 20843 – Townhouses

This is a market report for Townhouses in Olney, Md. 20832.  At the time of this report (11/29/2014) there are 30 townhouses on the market FOR SALE, another 15 under contract, and 8 that have sold in the last 30 days. Thus the absorption rate (30/8) calculates out to be 3.75 month’s worth inventory, considered a normal market.  The majority of these homes 40 of the 53 in this report do not have garage space,

Two Bedrooms

There are 3 two-bedroom Townhouses currently on the market for sale in Olney, Md.  These homes are currently listed for between $199,999 and $259,900, with the median being $212,950.  The days on market for these homes range from approaching 2 months (52 days) to approaching 5 months (147 days), with the median being approaching 3 month (88 days)..

There is just 5 two-bedroom townhouse in Olney currently under some form of contract.  The last known list price of these homes are between $220,000 and $345,000, with the median being $230,000.  The days on market for these homes range from a single day to approaching 4.5 months (131 days), with the median being 3 weeks (22 days)..

No two-bedroom townhouse in Olney has successfully completed the sales process in the last thirty days.

Three Bedrooms

Clearly the majority of the Townhouse on the market for sale in Olney are the 3 bedroom configuration. There are 21 three-bedroom townhouses in this area on the market for sale. These townhouses are currently listed for between $190l000 and $499,900.  The days on market for these homes range from less than 1 week (5 days) to 14.5 months (437 days), with the median being 2 months (61 days).

There are 8 three-bedroom townhouses in the area that are under some form of contract.  The last known list price of these homes ranged from $300,000 to $424,900, with the median being $367,250.  The days on market for these homes ranges from just a day to approaching 2 months (52 days) with the median being over two weeks (17 days).

In the last 30 days, 8 three-bedroom townhouses in the area have successfully completed the sales process. The closing price of these homes ranged from $305,000 to $489,000, with the median being $362,500.  The days on market for these homes ranged from a week (7 days) to over 2 months (65 days), with the median being over 3 weeks (24 days).

Four Bedrooms

There are 5 four-bedroom Townhouses on the market for sale in Olney, Md.  These homes are currently listed for between $299,900 and $347,900, with the median being $323,900.  The days on market for these homes range from 1 month (28 days)  to 3 months (93 days), with the median being a month (32 days).

There are 2 four-bedroom townhouses in Olney, Md. under some form of contract.  These home were last list for $246,500 and being on the market for approaching 2 months (53 days), while the other was last listed for $334,900 and on the market for over a month (39 days).

In the last 30 days, no four-bedroom townhouses in the area hass uccessfully completed the sales process.

If you have any questions about this report, here is a way to ask me. I look forward to helping you with your real estate needs.